Before lack of credit a new phenomenon has arisen to accede to financing: `loans person to persona’ or bank 2.0.
One of the main consequences of the present economic crisis is the lack of access to financing. The banks, every day more reticent to grant credits, scrupulously watch each request that arrives to them and are many the companies and particular that sees denied their request. This situation is triggering a peculiar phenomenon: the loans P2P (abbreviations in English of Peer-to-Peer Lending) or Loan of Person to Person. Sociales’, es decir, through people is a new modality to be able to financing through the calls `loans directly prepared to give its money.
This tendency is undergoing an increasing popularity between the people credit plaintiffs because it often offers more favorable types of interest of those than they can provide the institutions traditional moneylenders. On the other hand, the person who also offers the loan benefits from this type of transaction, since she obtains a greater economic yield in comparison and so she would obtain depositing his money in a method of conventional investment, receiving interest rates majors directly of the receiver of the loan.
Loans P2P arose years ago in London and at the moment they are enough consolidated in the United States. In Europe they become popular quickly in Germany, Holland, Sweden, Poland, France or Italy, where they are becoming a method more and more used as it has increased the difficulty to secure loans through conventional means of financing.
The pioneering company in loans P2P was Zopa, but already it has arisen other sites like Prosper, Lending Club, Virgin Money the USA among others (like Opinity, Boober, Frooble, LoanBank, Credal, Donjoy, Buxfer, PeerMint and BillMonk). Is Web sites where they are put in contact and they interact people who want to give money and other that want to borrow.
“If we observed the enormous reduction of the people who have been able financing to acquire his first house, it is evident to understand why a change in the market of the loans is taking place,” it affirms Daniel Melo, expert in management of solutions of Fair Isaac, company of technology for management of decisions and elaboration of analysis. “If you have a mortgage, a reduction of the interests is going to allow to pay the monthly instalments to him with greater comfort. But not yet it has acceded to the market of the house and it does not count on a great deposit of initial capital, does not go to be able to buy any property. Although the Euríbor is at the moment below 2%, the banks are imposing policies for stricter loans. For many people who wish to acquire his first real estate property, the search of alternatives to obtain capital turns out to be the unique rational option.”
